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Lab-grown diamonds are losing their appeal due to oversupply and consumer preferences are starting to shift back to natural stones, World Diamond Council president Feriel Zerouki has said.
The natural diamond industry has seen a price slump since mid-2022 after peaking earlier that year, mainly due to the rising popularity of lab-grown gems especially among younger jewellery buyers.
But a collapse in lab-grown diamond prices on the back of increased production in China and India, has started…
